Kroger CoNYSE: KR

Kroger (KR) raises its annual dividend by 10%, reflecting robust financial health, driven by significant gains in its digital business and strategic expansions.

The board of directors of AT&T today declared a quarterly dividend of $0.2775 per share on the company's common shares. Dividends on the common stock are payable on August 1, 2024, to stockholders of record of the respective shares at the close of business on July 10, 2024.

CINCINNATI , June 27, 2024 /PRNewswire/ -- The Kroger Co.'s (NYSE: KR) Board of Directors approved a dividend increase from $1.16 to $1.28 per year. The next quarterly dividend of 32 cents per share will be paid on September 1, 2024, to shareholders of record as of close of business on August 15, 2024.

Kroger beat analyst estimates in the prior quarter, with a 0.5% sales increase and a 5% decline in adjusted EPS. The company maintained its full year 2024 guidance, expecting low single digit sales growth and strong cash flow generation. Kroger aims to increase quarterly dividends and has paused share buybacks for growth and de-leveraging initiatives, making it an attractive investment option.

More than 14,600 students recognized for volunteering to serve local communities and fight hunger and waste  CINCINNATI , June 25, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today shared that 14,656 students across America have been named Zero Heroes through the retailer's Zero Hunger | Zero Waste youth engagement program. Students earned service awards for taking action during the 2023-2024 school year to create communities free from hunger and waste and advance United Nations (UN) Sustainable Development Goals (SDG) 2 and 12: Zero Hunger and Responsible Consumption and Production.

BofA Securities analyst Robert F. Ohmes reiterated the Buy rating on Kroger Company KR, with a price objective of $70.

Kroger's NYSE: KR long-anticipated merger with Albertsons Companies NYSE: ACI has been a deadweight on their stock price for years. Try as they might; they just can't get approval, and the stock prices are wallowing within trading ranges.

Kroger (KR) falls after earnings. Kroger reported respectable 1Q earnings as it continues its merger with Albertsons (ACI), notes Burt Flickinger.

Rodney McMullen, Kroger CEO, joins 'Money Movers' to discuss what's happening with Kroger's pricing dynamic, if the budget-conscious consumer has positive momentum, and McMullen's thoughts on the Albertsons merger.